Chrysler 2005 Annual Report Download - page 110

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Fiat Group Consolidated Financial Statements at December 31, 2005 - N otes to the Consolidated Financial Statements
Rizzoli Corriere della Sera MediaGroup S.p.A. is a listed company in which Fiat is one of the major shareholders, has a seat on the Board
of D irectors and is a party to a stockholders’ agreement;as a result the company is considered to be an associate. In order to account for
this investment using the equity method, reference was made to its most recent published financial statements being those for the third
quarter of 2005, as those to be issued for financial year 2005 will be published subsequent to the publication of the consolidated financial
statements of the Fiat Group.
At December 31, 2005, the fair market value of Investments in listed jointly controlled entities and listed associates is as follows:
(in millions of euros) Carrying value Fair Value
Tofas-Turk O tomobil Fabrikasi Tofas A.S. 245 338
Rizzoli Corriere della Sera MediaGroup S.p.A. 104 301
Al-Ghazi Tractors Ltd. 14 52
Total Investments in listed jointly controlled entities and associates 363 691
The item Investments in other companies includes the investment in Mediobanca S.p.A. of 227 million euros (168 million euros at
December 31, 2004).
At December 31,2005, there are no investments nor other financial assets given as collateral for financial debt.At D ecember 31, 2004,
Investments and other financial assets given as collateral for financial debt amounted to 856 million euros, and related to the investment in
Italenergia Bis S.p.A.
17. Leased assets
At Change in Disposals At
December the scope of Translation and other D ecember
(in millions of euros) 31, 2004 Additions D epreciation Impairment consolidation differences changes 31, 2005
Gross carrying amount 1,106 409 – – 825 37 (479) 1,898
Less:D epreciation and impairment (366) – (184) – (300) (13) 219 (644)
N et carrying amount of Leased assets 740 409 (184) – 525 24 (260) 1,254
The column Change in the scope of consolidation includes the effect resulting from consolidating Leasys S.p.A. on a line-by-line basis.
The Group leases out assets, mainly its own products, as part of its financial services business. Minimum lease payments from non-cancellable
operating leases amount to 420 million euros, at December 31, 2005 (415 million euros at December 31, 2004) and fall due as follows:
(in millions of euros) At D ecember 31, 2005 At D ecember 31, 2004
W ithin one year 215 239
Between one and five years 200 175
Beyond five years 51
Total Minimum lease payments 420 415